The New Adverse Action Notices and Reg B: Compliance Date July 21, 2011 On March 1, the Federal Reserve Board and the Federal Trade Commission (FTC) released the proposed regulations regarding the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The statute requires creditors to disclose credit scores and related information to consumers in risk-based pricing and adverse action notices under the Fair Credit Reporting Act (FCRA) if a credit score was used in setting the credit terms or taking adverse action. The new requirements will take effect July 21, 2011 and will affect creditors who use a credit score in taking adverse action or in making a risked-based pricing determination based on information in a consumer report. HIGHLIGHTS The new credit score disclosure requirements What to do if you don’t use credit score or no score is available! When are adverse action notices required? Do these requirements compare to or replace the new risk-based pricing requirements? AAN Rules for joint applicants Using Multiply Credit Scores and Consumer Disclosure What you need to do if the Credit Score is not available Account Review(s) and consumer notifications Rules regarding Multi-Party Transactions The FCRA notice requirements and the ECOA adverse action notice requirements? Examples of Model Notices WHO SHOULD DOWNLOAD This Webinar or Order the CD-ROM? A Lender building a Training Library for individual viewing and/or group training sessions. This informative session is designed for Board Members, Officers, Auditors, Compliance, and, Lending Personnel. ABOUT THE PRESENTER - Greg Souther Greg Souther is President of Greg Souther Consulting & Seminars (gregsouther.com) a firm that provides training and consulting to Financial Institutions in the following areas: Customer Service & Communication; Credit & Collections; Fraud & Security; and Marketing & Sales. With over 25 years of training and speaking experience, Greg and his associates share practical "how to" advice that everyone can easily understand and use in their daily work environment. Greg was Co-Owner and Manager of The Credit Bureaus of Southeast Georgia, the parent company for six Credit Reporting and Collection Agencies based in Brunswick, Georgia. Other Management, Marketing, and Human Resource experience includes Credifax, formerly the Credit Bureau of Jacksonville, the Credit Bureau of Valdosta, and the Credit Bureau of Athens. ORDER OUR PRESENTATION & COMPLETE HANDOUT MATERIALS Our DOWNLOAD or CD-ROM comes with a full visual presentation from the LIVE EVENT. Most of our webinars have two question & answer periods. Whether you choose the CD or the Download, you have the ability to view, print and listen to this session whenever you want. This is a great way to build your Training Library. You also have the ability to contact the presenter for follow up questions or support materials mentioned during the webinar. What a great resource at your finger tips. These products are designed for commercial use only and are not for resale or reproduction. Our clients buying these products are normally creditors under the following categories; Financial, Medical, Insurance, Legal and Collections. If you do not fall under one of these business categories, please contact us at webinars@gregsouther.com for approval before purchasing. We reserve the right to sell our products and services to qualifying businesses. Order download now for just $225! Order CD now for just $255! Or email us and we'll send you the CD! * Once your credit has been approved please allow 48 hours for material to be processed and emailed to you. Make sure you include your email address at checkout so that the handouts can be sent to you. We accept:

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